NuStar Energy to pay bonuses on Friday the 13th

The San Antonio-based company ranked as one of the top-performing master limited partnerships in the industry in 2008.

As a result, NuStar met performance goals that entitle its employees to a bonus that’s the equivalent of at least two weeks’ pay.

“We’re very proud to reward our employees with this well-deserved bonus in a year that has been plagued by economic turmoil,” NuStar CEO Curt Anastasio said. “Thanks to their hard work and commitment, 2008 was a year in which we reached many of our goals and positioned our company for future success, even in this difficult economic environment.”

NuStar has an all-employee bonus program — so “if any of us get a bonus, all of us get a bonus,” Anastasio added.

NuStar owns pipelines, storage and terminals and last year acquired two asphalt refineries, making 2008 a transformative year. Anastasio credited employees for the successful integration efforts that helped make the new operations a major contributor to the company’s earnings.

Recently, NuStar ranked No. 44 on Fortune magazine’s “100 Best Companies to Work For” list and No. 1 among large companies on Texas Monthly’s “Best Companies to Work for in Texas” ranking.